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Standard Chartered has suffered a setback in India, its star market last year,
with inflation, lower business confidence and increased local competition
dampening growth.

The emerging markets bank said that Indian income was down in the first half
of 2011, compared with the same period last year.

Difficulties in the country, where Standard Chartered became the first foreign
company to list its shares last year, contrasted with strong growth in
Singapore, Indonesia and China, the bank said in a trading statement ahead
of its half-year results.